Monday, September 15, 2025

Latest

Miami Welcomes Bitcoin Miners to Take Advantage of its Clean Nuclear Power

Miami may soon become the latest hotspot for crypto mining, as its mayor welcomes foreign mining companies to build data centers in the city.

The city’s mayor, Francis Suarez revealed to CNBC in an interview that Miami’s abundant nuclear energy supply serves as an attractive hub for bitcoin miners that are looking for a more efficient source of energy for their activities. Suarez, who is an advocate of cryptocurrencies and owns both ether and bitcoin, also said that the city’s officials are discussing the possibility of cutting energy costs alongside power companies for miners, as well as other incentives, such as minimal regulations and favorable tax rates.

Suarez’s latest vision of turning Miami into a crypto capital of the world comes amid a wider crackdown on the crypto industry, particularly in China. The communist country recently shut down a number of bitcoin mining operations in the Sichuan Province, with a number of other provinces slated to follow suit. In addition, bitcoin has been the face of a recent onslaught of criticism regarding the industry’s intensive carbon footprint.


Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Bitcoin’s Decline Is Exposing Cracks in MicroStrategy’s Strategy

MicroStrategy (NASDAQ: MSTR), a company once known for its business intelligence software, has become a...

Monday, January 6, 2025, 04:41:00 PM

MicroStrategy Buys More Bitcoin As It Sustains More Losses From Crypto Investment

MicroStrategy (Nasdaq: MSTR) announced on Tuesday its Q3 2022 financial results toplined by a quarterly...

Wednesday, November 2, 2022, 09:59:05 AM

Bitcoin Is Showing Signs Of Exhaustion: Chris Vermuelen

Starting off this week on the Daily Dive, is that of Chris Vermuelen of The...

Monday, April 19, 2021, 01:30:00 PM

McGlone: Commodities Up, Stocks Down & Bitcoin Ahead? – The Daily Dive

Today on the Daily Dive we are joined by one of our regular guests, Bloomberg...

Thursday, February 10, 2022, 01:30:00 PM

Gold: Where Will The Producers Spend Oncoming Cash Flows? – The Daily Dive ft Joe Mazumdar

For today’s episode of the Daily Dive, we’re rejoined by Joe Mazumdar of Exploration Insights....

Thursday, May 20, 2021, 01:30:00 PM